513 Henderson BlvdGroesbeckTX76642
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Groesbeck at 513 Henderson Blvd, Groesbeck, TX, 76642 priced at $179,160 converts $1,494/mo rent into $216/mo cash flow after a $877/mo obligation. Total monthly income equals $1,494/mo, and annual cash flow totals $2,592/yr on $59,392 invested. Return on cash invested prints 24.27% in year one, and rental yield reads 10.01% against a $179,160 entry. Equity gained on principal adds $1,156/yr, while 5% annual appreciation compiles into $49,499 by year five. Five-year ROI reaches 127.44% and total cumulative return in cash sums $75,689. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,494/mo property income covering a $877/mo payment, not borrower’s personal income.
Single Family
Built in 1967
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76642, Groesbeck, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,137 (100%) |
| Owner Occupied HU | 1,869 (59.6%) |
| Renter Occupied HU | 597 (19.0%) |
| Vacant Housing Units | 671 (21.4%) |
| Median Home Value | $228,822 |
| Average Home Value | $332,311 |
Housing Distribution
Address Breakdown
Residential
2,698
Single Family
2,697
Multi-Family
1
Businesses
349
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